Moloney Securities Asset Management LLC Sells 5,270 Shares of U.S. Bancorp (NYSE:USB)

Moloney Securities Asset Management LLC cut its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 41,655 shares of the financial services provider's stock after selling 5,270 shares during the quarter. Moloney Securities Asset Management LLC's holdings in U.S. Bancorp were worth $1,759,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at $5,986,000. Banco Santander S.A. bought a new position in U.S. Bancorp during the fourth quarter valued at about $327,000. OFI Invest Asset Management bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $43,000. Finally, AlphaQuest LLC increased its stake in shares of U.S. Bancorp by 203,842.9% in the fourth quarter. AlphaQuest LLC now owns 14,276 shares of the financial services provider's stock worth $683,000 after purchasing an additional 14,269 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

NYSE:USB traded down $0.38 during mid-day trading on Wednesday, reaching $47.28. 9,179,419 shares of the company were exchanged, compared to its average volume of 9,398,230. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a fifty day moving average of $44.00 and a 200 day moving average of $44.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market cap of $73.66 billion, a PE ratio of 11.70, a PEG ratio of 1.80 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the business earned $0.78 EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on USB shares. Citigroup lifted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Wall Street Zen lowered U.S. Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Truist Financial boosted their price target on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.70.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.